Initial contact made after online search for loan company. Received call from Smart Asset Management rep to discuss loan and terms. After this discussion, rep noted insurance would be needed to secure loan and must be obtained using gift card in the amount of $195. Did obtain and sent copy of receipt of purchase and back of card to she proof. Rep stated account would be turned over to account for final processing, but an additional $197 was needed due to credit rating and for Western Union to recieve as a commercial transaction. These funds were also sent, but rep indicated a another fee of $197 was needed for CA to MD transaction. It was stated funds were sent to WU, but an additional $175 was needed to release. This was not paid, but had already sent proof of gift card purchases. Refused to pay further and told rep they were fraudulent and not in business to extend loans, but to get funds from individuals needed assistance. Their rep stated they did not care if being reported since they were a multi-million dollar business. I know I may not recover any funds although they stated it would be returned, but they need to be shut down for scam business practices.